Solar Panel Cost Guide in Davie, FL (2023 Update)
- Davie Solar Installation Cost: $9,524
- 25-Year Savings: $19,635
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Davie
Find out what the average cost of a solar system is in Davie.
The national average cost of solar panels is $2.66 per watt, but in Davie it's 2.53 per watt. Since a 5.4-kW system is needed to cover the energy usage of a typical home in Davie, the average price of going solar will be about $9,528 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Davie find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Davie
| Year | Return on Investment |
|---|---|
| 1 years | $-8,150 |
| 3 years | $-5,403 |
| 5 years | $-2,656 |
| 7 years | $91 |
| 9 years | $2,839 |
| 11 years | $5,586 |
| 13 years | $8,333 |
| 15 years | $11,080 |
| 17 years | $13,827 |
| 19 years | $16,575 |
| 21 years | $19,322 |
| 23 years | $22,069 |
| 25 years | $24,816 |
Top Solar Installers in Davie
Many homeowners decide to use a solar panel installer since installing solar panels yourself can be a labor-intensive endeavor. Plus, if you're not certain what type of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Davie
Factors that Affect Solar Panel Costs in Davie
Although the average cost of a solar system in Davie is $9,528, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Davie, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $2,530 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Davie average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Davie, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $21,481 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,925 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,510 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,237 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,106 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,117 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,269 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,562 | 7.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Davie, FL Solar Cost FAQs
How much does it cost to install solar panels in Davie?
The average cost of solar panels in Davie is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Davie?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will having solar panels impact the value of my home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Davie?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.